HTX-Linked Wallets Trigger Compliance Checks at Kraken

Kraken, a major cryptocurrency exchange, temporarily restricted some customer accounts after nearly 12,000 small crypto transfers were sent from a wallet linked to the sanctioned exchange HTX.

The transfers, worth only a few cents or dollars, were made between August 17 and 24, according to Arkham Intelligence. Kraken described the activity as a 'dust attack', saying it appeared designed to spread sanctioned funds across other platforms and trigger compliance checks.

HTX denies any involvement in the transfers and is investigating the incident.